Crown Of Thorns for the next Govt.

Three separate developments on the last day of February foreshadow an economic challenge for the next government. The economy fell short of expectations and grew 4.7% in the third quarter of 2013-14, while fiscal deficit overshot the year's target in just 10 months. The same evening Prime Minister Manmohan Singh and his cabinet approved more spending, such as higher allowances for government employees.

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